BPSIX vs. BPAVX

Last updated Jun 24, 2026

BPSIX (Boston Partners Small Cap Value Fund Class I) and BPAVX (Boston Partners All Cap Value Fund) are both mutual funds - BPSIX is a Small Cap Value Equities fund managed by Boston Partners, while BPAVX is a Large Cap Value Equities fund managed by Boston Partners. Over the past 10 years, BPSIX returned 10.39%/yr vs 11.91%/yr for BPAVX. Their correlation of 0.90 suggests significant overlap in exposure. BPSIX charges 0.99%/yr vs 1.05%/yr for BPAVX.

Performance

BPSIX vs. BPAVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Boston Partners Small Cap Value Fund Class I (BPSIX) and Boston Partners All Cap Value Fund (BPAVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPSIX achieves a 14.65% return, which is significantly higher than BPAVX's 10.76% return. Over the past 10 years, BPSIX has underperformed BPAVX with an annualized return of 10.39%, while BPAVX has yielded a comparatively higher 11.91% annualized return.

BPSIX

• 1D: 0.24%
• 1M: 4.45%
• YTD: 14.65%
• 6M: 12.91%
• 1Y: 24.91%
• 3Y*: 17.49%
• 5Y*: 7.99%
• 10Y*: 10.39%

BPAVX

• 1D: 0.14%
• 1M: 3.09%
• YTD: 10.76%
• 6M: 9.50%
• 1Y: 22.78%
• 3Y*: 16.48%
• 5Y*: 10.62%
• 10Y*: 11.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BPSIX vs. BPAVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPSIX Boston Partners Small Cap Value Fund Class I	14.65%	7.45%	13.95%	16.98%	-11.48%	25.67%	1.60%	28.06%	-16.42%	9.72%
BPAVX Boston Partners All Cap Value Fund	10.76%	17.17%	9.66%	12.25%	-2.63%	25.22%	3.85%	27.58%	-12.09%	17.60%

Correlation

The correlation between BPSIX and BPAVX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 2, 2002	0.90

The correlation between BPSIX and BPAVX has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

Return for Risk

BPSIX vs. BPAVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BPSIX

BPSIX Risk / Return Rank: 40
BPSIX Sharpe Ratio Rank: 38
BPSIX Sortino Ratio Rank: 42
BPSIX Omega Ratio Rank: 34
BPSIX Calmar Ratio Rank: 49
BPSIX Martin Ratio Rank: 38

BPAVX

BPAVX Risk / Return Rank: 50
BPAVX Sharpe Ratio Rank: 52
BPAVX Sortino Ratio Rank: 51
BPAVX Omega Ratio Rank: 48
BPAVX Calmar Ratio Rank: 47
BPAVX Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BPSIX vs. BPAVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Partners Small Cap Value Fund Class I (BPSIX) and Boston Partners All Cap Value Fund (BPAVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BPSIX	BPAVX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.96	-0.30
Sortino ratio: Return per unit of downside risk	2.52	2.76	-0.23
Omega ratio: Gain probability vs. loss probability	1.29	1.35	-0.06
Calmar ratio: Return relative to maximum drawdown	2.57	2.54	+0.03
Martin ratio: Return relative to average drawdown	7.75	9.94	-2.20

BPSIX vs. BPAVX - Sharpe Ratio Comparison

The current BPSIX Sharpe Ratio is 1.66, which is comparable to the BPAVX Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of BPSIX and BPAVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BPSIX vs. BPAVX - Drawdown Comparison

The maximum BPSIX drawdown since its inception was -62.51%, which is greater than BPAVX's maximum drawdown of -49.62%. Use the drawdown chart below to compare losses from any high point for BPSIX and BPAVX.

Drawdown Indicators

	BPSIX	BPAVX	Difference
Max Drawdown Largest peak-to-trough decline	-62.51%	-49.62%	-12.89%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-9.40%	-0.99%
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	-14.21%	-7.41%
Max Drawdown (5Y) Largest decline over 5 years	-22.01%	-17.42%	-4.59%
Max Drawdown (10Y) Largest decline over 10 years	-47.79%	-40.64%	-7.15%
Current Drawdown Current decline from peak	-0.30%	-1.22%	+0.92%
Average Drawdown Average peak-to-trough decline	-9.08%	-5.69%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	2.39%	+1.04%

Volatility

BPSIX vs. BPAVX - Volatility Comparison

Boston Partners Small Cap Value Fund Class I (BPSIX) has a higher volatility of 4.50% compared to Boston Partners All Cap Value Fund (BPAVX) at 3.59%. This indicates that BPSIX's price experiences larger fluctuations and is considered to be riskier than BPAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPSIX	BPAVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	3.59%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	11.07%	9.29%	+1.78%
Volatility (1Y) Calculated over the trailing 1-year period	16.07%	12.19%	+3.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	15.33%	+4.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.13%	18.34%	+3.79%

BPSIX vs. BPAVX - Expense Ratio Comparison

BPSIX has a 0.99% expense ratio, which is lower than BPAVX's 1.05% expense ratio.

Dividends

BPSIX vs. BPAVX - Dividend Comparison

BPSIX's dividend yield for the trailing twelve months is around 6.59%, less than BPAVX's 8.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPAVX Boston Partners All Cap Value Fund	8.33%	9.22%	10.23%	10.94%	8.42%	5.21%	1.42%	2.34%	6.38%	4.11%	3.70%	6.44%
BPSIX Boston Partners Small Cap Value Fund Class I	6.59%	7.56%	14.43%	12.77%	7.64%	7.03%	0.54%	2.42%	6.95%	4.50%	2.22%	5.29%

Frequently Asked Questions

Can I hold both BPSIX and BPAVX in my portfolio?

BPSIX and BPAVX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BPSIX or BPAVX?

BPSIX has higher volatility (4.50%) compared to BPAVX (3.59%). In terms of maximum drawdown, BPSIX dropped -62.51% vs BPAVX's -49.62%.

Which has better risk-adjusted returns?

BPAVX currently has the higher Sharpe Ratio (1.96 vs 1.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.